Raising £1.9m Pre-Launch and Pregnant - Kate Hofman, GrowUp Urban Farms

Kate Hofman, GrowUp Urban Farms raised £1.9m at pre-launch stage to launch her vertical stacked hydroponic farming business; she reveals how she secured an innovation grant for the significant capital she required at the beginning, overcame the challenges of raising money when pregnant, and really focused on developing professional financial forecasts. GrowUp Urban Farms produce sustainable salads and herbs by growing them in a controlled environment indoors, in vertically stacked layers. This was a capital intensive business to get off the ground, which presented some particular challenges in fundraising. In this episode, you'll discover... How to raise money for a capital intensive business, and use innovation grants to get you on your way The challenges of raising money whilst you’re 7 months pregnant, and why you need the right support around you Why having professional financial forecasts is absolutely essential for effective investor conversations For the full video interview, go to http://www.enterthearena.co.uk/Fundraising-Stories/